Loan Amortization Calculator

An amortization schedule reveals the specific dollar amount put towards interest, as well as the specific put towards the Principal balance, with each payment. Initially, a large portion of each payment is devoted to interest. As the loan matures, larger portions go towards paying down the principal. The first payment is assumed to take place one full payment period [one month] after the loan was taken out, not on the first day of the loan. The last payment completely pays off the remainder of the loan, often the last payment will be a slightly different amount than all earlier payments. In addition to breaking down each payment into interest and principal portions, the amortization schedule also reveals interest-paid-to-date, principal-paid-to-date, and the remaining principal balance on each payment date.

There are a few crucial points worth noting when obtaining a mortgage for a home with an amortized loan. First, there is substantial allocation of the monthly payments toward the interest, especially during the first years of the mortgage. You will notice that the first payment allocates about 90% of the total payment towards interest and only about 10% toward the principal balance. Not until much later payments into the loan does the payment allocation towards principal and interest even out and subsequently tip the majority of the monthly payment toward Principal balance pay down.

Exuma Palms Resort spans three lots (7161, 7162, 7163) on an incredible white sand beach at Three Sisters Exuma with 234 ft of beachfront. This resort offers a great opportunity to buy an existing operational resort The current resort consists of a 6,000 sq. ft. hotel block with 12 newly renovated bedrooms with balconies overlooking the beautiful beach and turquoise Exuma waters. Completing the resort is The Blue Conch Restaurant and Bar serving breakfast, lunch, and dinner with ample space for larger events such as weddings or corporate retreats.

The Real Estate market in Exuma is extremely strong for beach front properties and The Exuma Palms resort represents a great opportuity to own a prime commercial proeprty on a beautiful Exuma beach.